It takes the average reader and 23 minutes to read Fiscal Adjustment in Transition Countries by MissCatriona Purfield
Assuming a reading speed of 250 words per minute. Learn more
In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger consolidations were more successful in addressing fiscal imbalances on a durable basis. Policies focusing on expenditure reductions were more successful than those relying on revenue increases. There is little evidence of expansionary fiscal contractions, but fiscal contractions did not have a significantly negative impact on growth either. Few fiscal stimuli succeeded in boosting growth.
Fiscal Adjustment in Transition Countries by MissCatriona Purfield is 23 pages long, and a total of 5,819 words.
This makes it 8% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 31 minutes to read Fiscal Adjustment in Transition Countries aloud.
Fiscal Adjustment in Transition Countries is suitable for students ages 8 and up.
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